sasol ltd (SAOA) Related Businessweek News

sasol ltd (SAOA) Details

Sasol Limited operates as an integrated energy and petrochemicals company worldwide. The company mines saleable coal; distributes and markets natural gas and methane-rich gas; owns, operates, and maintains cross-border natural gas pipelines; produces coal-based synfuels; produces synthesis gas and converts into synthetic fuel components, chemical feedstock, and pipeline gas; and markets blended fuel products, such as petrol, diesel, jet fuel, illuminating paraffin, liquid petroleum gas, fuel oils, bitumen, motor and industrial lubricants, and sulphur to licensed wholesalers in South Africa. It also supplies ethylene, propylene, polyethylene, polypropylene, polyvinyl chloride, chlor-alkali chemicals, and mining reagents; solvents, acrylates, and associated products; and surfactants, linear alkylbenzene, surfactant intermediates, n-paraffins, n-olefins, C6-C22 alcohols, co-monomers, oleochemicals, and other organic intermediates, as well as provides specialty aluminas, silica aluminas, and hydrotalcites. In addition, the company produces and markets chemical products comprising waxes, fertilizers, and mining explosive products, gases, phenol, ortho-cresol, and meta-cresol and para-cresol, as well as a range of blended products consisting of mixtures of phenol, cresols, xylenols, and other phenol derivatives. Further, it is involved in research and development, alternative energy, and financing activities, as well as produces natural gas and condensate from the Temane and Pande gas fields in Mozambique; oil in Gabon from the offshore Etame, Avouma, and Ebouri oilfield cluster; and shale/tight gas from the Farrell Creek and Cypress A assets in Canada. It has 293 Sasol branded service stations, including 7 Sasol branded integrated energy centers; and 87 Exel service stations in South Africa, as well as exports fuels through third parties to South African Development Community countries. The company was founded in 1950 and is headquartered in Johannesburg, South Africa.

sasol ltd (SAOA) Key Developments

Sasol Limited Group Announces Earnings Results for the Six Months Ended December 31, 2014

Mar 19 15

Sasol Limited Group announced earnings results for the six months ended December 31, 2014. For the period, the company's turnover was ZAR 99.84 billion, compared to ZAR 98.27 billion for the same period ended December 31, 2013. Operating profit after re-measurement items was ZAR 28.36 billion, compared to ZAR 19.38 billion for the same period ended December 31, 2013. Profit before tax was ZAR 29.57 billion, compared to ZAR 21.08 billion for the same period ended December 31, 2013.

Sasol Ltd. Reports Earnings Results for the Six Months Ended December 31, 2014; Provides Capital Expenditures Guidance for the Year 2015, 2016 and 2017

Mar 9 15

Sasol Ltd. reported earnings results for the six months ended December 31, 2014. For the second half of 2014, the company reported earnings attributable to shareholders rose to ZAR 19.5 billion ($1.61 billion), from ZAR 12.7 billion a year earlier. Its headline earnings per share rose by 6% to ZAR 32.00 per share. Profit from operations of ZAR 30.0 billion increased by 39% compared to the prior period. This achievement was due to an overall strong operational performance from regional operating Hubs (ROHs) coupled with increased sales volumes and improved margins in Performance Chemicals and Base Chemicals Strategic Business Units. Cash flow generated from operations increased by 21% to ZAR 34.0 billion compared with ZAR 28.1 billion in the prior period. Capital expenditure over the period amounted to ZAR 22.1 billion, which is in line with expectations.
The company provided capital expenditures guidance for the year 2015, 2016 and 2017. For the year 2015, the company expected capital expenditure of ZAR 45 billion.
For the year 2016, the company expected capital expenditure of ZAR 65 billion.
For the year 2017, the company expected capital expenditure of ZAR 60 billion.

Sasol Ltd. Declares Interim Dividend of Ordinary Shares and Sasol Bee Ordinary Shares and American Depository Receipts for the Six Months Ended December 31, 2014, Payable on April 13, 2015 and April 13, 2015, Respectively

Mar 9 15

Sasol Ltd. declared interim dividend of 700.00 South African cents per ordinary share against last year’s 800.00 cents per ordinary share for the six months ended December 31, 2014. The interim cash dividend is payable on the ordinary shares and the Sasol BEE ordinary shares. The shareholders of ordinary shares and Sasol BEE ordinary shares will be paid dividend on April 13, 2015 with record date as April 10, 2015. Ex-dividend commences from April 2, 2015. The shareholders of American Depository Receipts will be paid dividend on April 23, 2015 with record date as April 10, 2015. Ex-dividend commences from April 8, 2015.

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